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shusha [124]
3 years ago
10

Bailey, a single taxpayer, obtains permission to change from a calendar year to a fiscal year ending June 30, 2019. During the s

ix months ending June 30, 2019, she earns $40,000 and has $8,000 of itemized deductions. What is the amount of her annualized income?
a.$32,000

b.$28,000

c.$64,000

d.$56,000
Business
1 answer:
lisabon 2012 [21]3 years ago
8 0

Answer:

Correct option is c.$64,000

Explanation:

given data

earn  = $40,000

deductions = $8,000

time = 6 month

solution

we get here amount of her annualized income that is express as

amount of her annualized income = ( earn - deduction ) × time duration

amount of her annualized income =  ( $40,000 - $8,000 ) × \frac{6}{12}  

amount of her annualized income = $64,000

so correct option is c.$64,000

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ABC Corporation has noticed the following transactions havent been account for in its income statement for the year ended Decemb
grin007 [14]

Answer:

The proper amount of expenses to be included in the income statement for the year is $6,650

Explanation:

The computation of the expense amount which is included in the income statement is shown below:

= Repair expenses + electricity bill + insurance expense

= $4,650 + $800 + $1,200

= $6,650

The insurance expenses are given for the three months but we have to calculate for the 2 months only  

So for two months = $1,800 × 2 ÷ 3 = $1,200

And, the wages are given for the last year which is not included in the income statement as it shows outstanding wages. So, we do not consider it.

5 0
2 years ago
A barter economy is different from a money economy in that a barter economy
fredd [130]

Answer:

The answer is;

people trade goods directly with goods rather than through using money

Explanation:

In that a barter economy, people trade goods directly with goods rather than through using money.

Money is not used in a barter economy. Barter economy was experienced a very long time ago.

For example, Mr A. has yam at home but needs rice, he has to look for someone that wants yam in exchange for the rice he needs

3 0
3 years ago
if the fed lowers the discount rate, the money supply multiple choice question. does not change increases decreases
MAXImum [283]

The money, if somehow the Fed lowers their discount rate, deciding on monetary policy, open market operations, and purchases

<h3>What does the term "monetary" mean? </h3>

of or pertaining to money or the systems used to supply and move money across an economy. a crime done with the intent to profit. a nation's monetary strategy. monetarily.

<h3>Does monetary refer to money? </h3>

The term "monetary" refers to money, particularly the total quantity of money in such a nation. [Business] To prevent inflation, several nations tighten their monetary policies. Synonyms: economic, financial, money, capital More words for "monetary"

To know more about monetary visit:

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5 0
10 months ago
Nothing nothing nothing
Bingel [31]

Answer:

woah nothing indeed lol

7 0
3 years ago
Read 2 more answers
Watson Company has monthly fixed costs.. Watson Company has monthly fixed costs of $91,000 and what dollar amount of sales must
asambeis [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Watson Company has monthly fixed costs of $91,000.

Contribution margin ratio= 0.40

To calculate the dollar amount of sales, we need to use the following formula:

Break-even point (dollars)= (fixed costs + desired profit)/ contribution margin ratio

Break-even point (dollars)= 91,000/0.4= 227,500

A) Desired profit= 15,800

Break-even point (dollars)= (91,000 + 15,800) / 0.40= 267,000

B) Desired profit= 267,000

Break-even point (dollars)= (91,000 + 267,000) / 0.40= 895,000

C) Desired profit= 106,800

Break-even point (dollars)= (91,000 + 106,800) / 0.40= 494,500

D) Desired profit= 227,500

Break-even point (dollars)= (91,000 + 227,500) / 0.40= 796,250

5 0
3 years ago
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